TSXV:AAA.P - Post by User
Comment by
skip_rickon Dec 07, 2011 11:30am
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Post# 19299239
RE: Thanks for the comments(jonofdublin)
RE: Thanks for the comments(jonofdublin)John, don't read something extra into the railway comment.
The focus for Farhad is shipping by truck to the port of Djibouti - 70% of the development is almost complete. Just to get the product moving.
What Farhad did say - the Ethiopian Govt is willing to assist in the installation of a rail line for Allana (particulars not discussed) BUT said that BHP has committed $50mm to developing their property. Further, once it's determined the basin can produce 5+mtpy, they could build their own line, without any govt assistance, just to get into production ASAP. Read into this - property consolidation (AAA, STB, et al).
Hope this helps.
Skipper